Sandvik (SDVKY) Projected to Post Quarterly Earnings on Monday

Key Points

• Sandvik is set to announce its quarterly earnings on October 20th, with analysts expecting earnings of $0.33 per share and revenue of $29.694 billion.
• Last quarter, Sandvik reported earnings per share of $0.31 and revenue of $3.04 billion, which matched analyst expectations.
• Analysts have varying ratings for Sandvik, with one strong buy, three buys, two holds, and one sell, resulting in an average rating of "Moderate Buy."

Sandvik (OTCMKTS:SDVKY - Get Free Report) is expected to be announcing its results before the market opens on Monday, October 20th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $29.6940 billion for the quarter.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last issued its earnings results on Wednesday, July 16th. The industrial products company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Sandvik had a return on equity of 16.54% and a net margin of 11.89%.The business had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $29.43 billion. On average, analysts expect Sandvik to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sandvik Price Performance

Shares of SDVKY stock opened at $27.85 on Monday. Sandvik has a twelve month low of $16.94 and a twelve month high of $28.89. The stock has a market capitalization of $34.93 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.41 and a beta of 1.60. The stock has a fifty day simple moving average of $26.36 and a two-hundred day simple moving average of $23.50. The company has a current ratio of 1.62, a quick ratio of 0.86 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Sandvik in a research note on Tuesday, October 7th. Barclays restated an "overweight" rating on shares of Sandvik in a research note on Monday, September 8th. Zacks Research upgraded Sandvik from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Sandvik in a research note on Monday, September 29th. Finally, Pareto Securities lowered Sandvik from a "buy" rating to a "hold" rating in a report on Sunday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About Sandvik

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.

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